Economy Woes Spark Sales Lift at Dollar Tree

Consumers worried over the economy have flocked to Dollar Tree stores, helping the discounter post sales increases exceeding company and analyst expectations during its fiscal first quarter.

May 09, 2008

CHESAPEAKE, Va. — Consumers worried over the economy have flocked to Dollar Tree stores, helping the discounter post sales increases exceeding company and analyst expectations during its fiscal first quarter. Overall sales of $1.05 billion for the quarter ended May 3 increased by 7.8% compared with the same period last year, and comparable-store sales improved by 2.1% as basket size and store traffic increased, the discounter said yesterday. Sales were driven by food, health and beauty, and p